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Hornby Hobbies Limited is a British scale model manufacturing company; the name is particularly associated with its model railways. Its roots date back to 1901 in Liverpool, when founder Frank Hornby received a patent for his Meccano construction toy. The first clockwork train was produced in 1920. In 1938, Hornby launched its first OO gauge train. In 1964, Hornby and Meccano were in financial difficulties and were bought by a competitor Lines Brothers, the railway brand becoming "Tri-ang Hornby". Hornby Railways became independent again in the 1980s, and became listed on the London Stock Exchange, but due to financial troubles reported in June 2017, became majority owned by British turnaround specialist Phoenix Asset Management.
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